On Tuesday, Anheuser-Busch InBev (ABI:BB) (NYSE:BUD) upgraded to Buy by Citi, with a new price target of €69.00.
Citi expects Anheuser-Busch InBev to outperform its full-year 2024 organic EBITDA growth guidance despite lower third-quarter volumes. Strong cost controls in U.S. operations are key.
Citi projects margin expansion into 2025 for Anheuser-Busch InBev, with potential buyback program and falling net debt to EBITDA ratio.
Citi initiates Positive Catalyst Watch on Anheuser-Busch InBev, reflecting high confidence in earnings deliverability for fiscal years 2024 and 2025.
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